Smallsat market forecast to exceed $30 billion in coming decade

French consultancy Euroconsult forecasts that significant expansion in terms of capabilities and demand is underway in the smallsat market.

More than 6,200 smallsats are to be launched in the next 10 years, with the market value expected to reach up to $30.1 billion, compared with $8.9 billion in the previous decade, according to a report Euroconsult released last month.